Michelin North America Announces Price Increases

GREENVILLE, S.C., Nov. 1, 2018 /PRNewswire/ -- Michelin North America, Inc. ("Michelin"), will increase U.S. national account prices up to 8 percent for all commercial brands, products and services, effective Dec. 1, 2018.

Separately, effective Jan. 1, 2019, Michelin North America's passenger-tire business will increase prices up to 5 percent for passenger and light-truck tires under the MICHELIN^®, BFGoodrich^®, and UNIROYAL^® brands, as well as MICHELIN tires in the two-wheel segment, sold in the United States and Canada.

The increases address ongoing investments to better serve customers, increased operating costs and other market factors. Michelin's account management teams will convey additional details about the changes directly to customers.

About Michelin North America

Dedicated to the improvement of sustainable mobility, Michelin designs, manufactures and sells tires for every type of vehicle, including airplanes, automobiles, bicycles, earthmovers, farm equipment, heavy-duty trucks and motorcycles. The Company has earned a long-standing reputation for building innovative premium tires. In addition to tires, the Company also publishes travel guides, hotel and restaurant guides, maps and road atlases. Headquartered in Greenville, S.C., Michelin North America (www.michelinman.com) employs about 22,700 and operates 19 major manufacturing plants. Forbes magazine has ranked Michelin No. 1 on its annual survey of "Best Large Employers in America" for 2018. Learn more about purpose-driven careers with a purpose-driven company at jobs.michelinman.com.

SOURCE Michelin North America, Inc.

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